DealNet Capital Corp.

DealNet Capital Corp.

December 18, 2013 10:03 ET

DealNet Closes Debenture Offering

TORONTO, ONTARIO--(Marketwired - Dec. 18, 2013) - DealNet Capital Corp. (the "Company") (CNSX:DLS)(PINKSHEETS:GAIMF) is pleased to announce that it has closed the final tranche of its non-brokered offering of convertible unsecured debentures for aggregate gross proceeds of $2,500,000. The financing was oversubscribed from the Company's initial goal of raising $1,500,000 announced on November 14, 2012. Based on the high demand, the DealNet Board increased the size of the offering, finally approving total aggregate gross proceeds of up to $2,500,000.

"We are thrilled with the continued interest, support and participation of our investors in this offering," stated Bob Cariglia, President and CEO of DealNet Capital Corp. "The proceeds of this offering will continue to support the huge strides we have made in the Consumer Financing space as well as the strong demand we are experiencing in the Business Process Outsourcing segment."

DealNet Capital Corp. is a public company that trades under the symbol DLS on the Canadian National Stock Exchange and under the symbol GAIMF on the Pink Sheets of the Over the Counter Bulletin Board. In general, the Company is a merchant banking company that has a flexible investment mandate with a strategic focus on recurring revenue businesses. The company has recently focused its investments towards the thriving North American Business Process Outsourcing (BPO) Market as well as the Consumer Financing Market by leveraging its recently acquired BPO division. The Company continues to look for acquisition opportunities in these key markets in order to continue to drive competitive advantages and growth.


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The Canadian National Stock Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-looking Statements

This press release contains certain forward-looking statements with respect to the Corporation. These forward-looking statements, by their nature, involve risks and uncertainties that could cause actual results to differ materially from those contemplated. We consider the assumptions on which these forward-looking statements are based to be reasonable, but caution the reader that these assumptions regarding future events, many of which are beyond our control, may ultimately prove to be incorrect. These statements involve risks and uncertainties including, without limitation, DealNet's ability to successfully develop and market its products, consumer acceptance of such products, competitive pressures relating to price reductions, new product introductions by third parties, technological innovations, and overall market conditions. Consequently, actual events and results in future periods may differ materially from those currently expected.

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